NOT LISTED FOR SALE

Estimated Value: $1,358,649

1 Bed
-- Bath
16,503 Sq Ft
$82/Sq Ft Est. Value

Sale Details

Date Sold: August 14, 2020

Last sale price $970,000 $59 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,386 / mo

401 Days on Market

About This Home

As of August 2020

• Located in a Very Sought After Opportunity Zone
• For Sale: $1,200,000.00 ($72.71 PSF)
• For Lease: $14.00 PSF Modified Gross
• 16,503 SF 3-Stories (With Basement)
• Former Bank Branch Building with Gated Access to Covered Parking
• Sits on 1.00 Acre (43,560 SF)
• Zoning - C-2 City of Phoenix
• Ingress/Egress of Camelback Rd and 21st Ave
• Great Building Signage
• Aprox 1/4 mile from Light rail,1/2 mile from the I-17 and less than a mile from Grand Canyon University

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 06/10/2019

Last Buyer's Agent

Brian Vander Meulen

I.D.E.A.L. Commercial RE License #BR661529000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,167

Year Built

  • Built in 1972

Lot Details

  • 1 Acre Lot
  • Property is zoned C-2

Home Design

  • 16,503 Sq Ft Home

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking

Community Details

  • Operating Expense $12,167

Listing and Financial Details

  • Assessor Parcel Number 154-01-003-F

Property Details

Property Type

Other

Est. Annual Taxes

$12,167

Year Built

Built in 1972

Lot Details

1 Acres

Listing Details

  • Cross Street: Camelback Rd and 21st Ave
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1972
  • Tax Year: 2018
  • Lot Size Acres: 1.0
  • Structure Type: Other (See Remarks), Commercial
  • Tax Parcel Letter: F
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 16503.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 154-01-003-F
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 12166.6
  • Leasable Area: 16503.0

Tax Info

  • Tax Annual Amount: 12166.6
  • Tax Book Number: 154.00
  • Tax Lot: -
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2019
Closed on
Aug 14, 2020
Sold by
Az Bell Rd Llc
Bought by
W Development Oz Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Brian Vander Meulen
I.D.E.A.L. Commercial RE
List Price
$1,402,755
Sold Price
$970,000
Premium/Discount to List
-$432,755
-30.85%
Current Estimated Value
$1,358,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$388,649
Avg. Annual Appreciation
6.18%

Purchase Details

Closed on
Dec 2, 2016
Sold by
Babfam Capital Llc
Bought by
Az Bell Rd Llc

Purchase Details

Closed on
Jun 30, 2014
Sold by
Kemf 21St Ave & Camelback Llc
Bought by
Babfam Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,700
Interest Rate
4.17%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 12, 2013
Sold by
Bmo Harris Bank Na
Bought by
Kemf 21St Ave & Camelback Llc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
W Development Oz Llc $970,000 Commonwealth Title
Az Bell Rd Llc $700,000 Chicago Title Agency Inc
Babfam Capital Llc $535,000 None Available
Kemf 21St Ave & Camelback Llc $330,330 Chicago Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Babfam Capital Llc $427,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2020 08/14/20 Sold $970,000 -19.2% $59 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
08/13/2019 08/13/19 Price Changed $1,200,000 -14.5% $73 / Sq Ft
06/10/2019 06/10/19 For Sale $1,402,755 -- $85 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,598 $86,006 -- --
2024 $13,189 $84,470 -- --
2023 $13,189 $244,018 $75,854 $168,164
2022 $13,368 $156,136 $104,808 $51,328
2021 $13,879 $171,342 $107,802 $63,540
2020 $13,343 $186,066 $69,078 $116,988
2019 $13,178 $133,830 $69,462 $64,368
2018 $12,167 $125,262 $72,846 $52,416
2017 $12,013 $123,786 $70,722 $53,064
2016 $11,507 $117,468 $77,976 $39,492
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5937923

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-01-003F

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